Timonrosso

Omnia Holdings update still coming down to R54.82

Short
JSE:OMN   OMNIA HOLDINGS LTD
Head and Shoulders formed last year and the pattern is still in tact.
SInce the breakdown there has been a strong range bounded formation which has made this trade very lacklustre to hold.
Now that it's broken below the rectangle shows a more promising move to the original target.
200 >21>7
Target R54.82

ABOUT OMN
Omnia Holdings is a South African chemicals and fertilizer company that was founded in 1953.

The company operates in over 50 countries, with a focus on Africa, Europe, and South America.

Omnia has three main business segments: agriculture, mining, and chemicals.

The company's agriculture division provides a wide range of crop nutrients and plant protection products to farmers.

Omnia's mining division supplies explosives and blasting services to the mining industry.

The chemicals division produces and markets a variety of chemicals, including acids, alkalis, and organic and inorganic compounds.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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